I don't think I am getting by deductables

Scott6049 · ‎February 16, 2020

My Wife and I are not wealthy, we make together $186,000 and we are claiming "0" but it say's we have to pay! where is our $24,000 deductible for filing jointly?

KarenM90 · ‎February 16, 2020

Please be sure to take a look at the tax summary which will summarize your income, taxes, payments and refund/amount due from the menu on the left:

Choose Tools/Tax Tools/View Tax Summary.

See this link for more details: View my Tax Summary before Filing (The State Tax Summary will be just above the Federal Tax Summary in the black menu also)

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xmasbaby0 · ‎February 16, 2020

Look on line 9 of your Form 1040 for your standard deduction. If you are both under the age of 65 filing a joint return, your standard deduction is $24,400.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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I don't think I am getting by deductables